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[ET Net News Agency, 16 December 2014] HSBC Flash China Manufacturing PMI fell to 49.5 
in December from 50 in November), hitting a seven-month low, according to Markit. 
But Flash China Manufacturing Output Index rose slightly to 49.7 in December from 49.6 
in November, hitting a two-month high.
The data were collected during 4-12 December. It is published on a monthly basis ahead 
of final PMI data, making the HSBC PMI the earliest available indicator of manufacturing 
sector operating conditions in China. 
The estimate is typically based on 85%-90% of total PMI survey responses each month and 
is designed to provide an accurate indication of the final PMI data. December final PMI 
data will be released on 2 January 2015.
"Domestic demand slowed considerably and fell below 50 for the first time since April 
2014. Price indices also fell sharply. The manufacturing slowdown continues in December 
and points to a weak ending for 2014. The rising disinflationary pressures, which 
fundamentally reflect weak demand, warrant further monetary easing in the coming months." 
said Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC.

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